AdvanSix (NYSE:ASIX) Raised to “Strong-Buy” at Wall Street Zen

AdvanSix (NYSE:ASIX) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

ASIX has been the topic of several other reports. Piper Sandler set a $32.00 price target on AdvanSix in a research report on Monday, May 19th. UBS Group set a $35.00 target price on AdvanSix in a research note on Tuesday, March 18th.

AdvanSix Stock Down 2.0%

NYSE:ASIX opened at $23.53 on Friday. The firm has a market capitalization of $630.91 million, a price-to-earnings ratio of 14.61 and a beta of 1.59. AdvanSix has a 1-year low of $18.44 and a 1-year high of $33.00. The company has a current ratio of 1.08, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The business’s fifty day moving average price is $22.00 and its 200 day moving average price is $26.56.

Insider Buying and Selling at AdvanSix

In other AdvanSix news, SVP Achilles B. Kintiroglou sold 4,000 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $22.24, for a total value of $88,960.00. Following the transaction, the senior vice president now owns 36,363 shares in the company, valued at $808,713.12. The trade was a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in AdvanSix by 149.5% in the 1st quarter. GAMMA Investing LLC now owns 1,966 shares of the company’s stock worth $45,000 after purchasing an additional 1,178 shares during the last quarter. AlphaQuest LLC acquired a new position in AdvanSix during the fourth quarter valued at approximately $94,000. Quantbot Technologies LP grew its holdings in AdvanSix by 33.2% during the first quarter. Quantbot Technologies LP now owns 4,096 shares of the company’s stock valued at $93,000 after purchasing an additional 1,022 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in AdvanSix during the fourth quarter valued at approximately $137,000. Finally, State of Wyoming acquired a new position in AdvanSix during the fourth quarter valued at approximately $156,000. 86.39% of the stock is owned by institutional investors.

About AdvanSix

AdvanSix Inc engages in the manufacture and sale of polymer resins in the United States and internationally. It offers Nylon 6, a polymer resin, which is a synthetic material used to produce fibers, filaments, engineered plastics, and films. The company also provides caprolactam to manufacture polymer resins; ammonium sulfate fertilizers to distributors, farm cooperatives, and retailers; and acetone that are used in the production of adhesives, paints, coatings, solvents, herbicides, and engineered plastic resins, as well as other intermediate chemicals, including phenol, monoisopropylamine, dipropylamine, monoallylamine, alpha-methylstyrene, cyclohexanone, methyl ethyl ketoxime, acetaldehyde oxime, 2-pentanone oxime, cyclohexanol, sulfuric acid, ammonia, and carbon dioxide.